Answer the following statements true (T) or false (F)

The SEC was created by Congress to replace the AICPA’s standard-setting group.


ANSWER: F

Business

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Sales-force automation software may be used to route calls to a particular sales representative who has previously worked with the customer

Indicate whether the statement is true or false

Business

The Fed eases policy when it

A. decreases both the money growth and the federal funds rate. B. decreases the money growth and increases the federal funds rate. C. increases both the money growth and the federal funds rate. D. increases the money growth and decreases the federal funds rate.

Business

Which of the following is not true of the chart of accounts?

a. Asset accounts usually are listed first; b. Account numbering should follow a random pattern; c. The list contains the accounts used by the business; d. Accounts are arranged according to the accounting equation; e. More accounts can be added later.

Business

In countries such as in eastern Europe that are characterized by shortage economies, it would not make sense to conduct marketing research on ________

A) the selection and variety of merchandise B) pricing C) promotion D) types of retailers and intermediary institutions available

Business